Bitcoin

Bitcoin was the first cryptocurrency to ever be created. It’s an open-source, decentralized, peer-to-peer cryptocurrency created by Satoshi Nakamoto, an unknown person or group, who first introduced BTC (or XBT) to the world through an email sent to a cryptography mailing list .

It functions without a central bank or centralized administrator, and its transactions are semi-anonymous. New bitcoins are introduced to the market through a mining process, which rewards those that secure the network through what’s known as a proof-of-work (PoW) consensus algorithm.

Bitcoin’s maximum supply is capped at 21 million, and the very last BTC is expected to be mined in 2140.

Crypto Exchange Accidentally Sells Bitcoin at 88% Discount, Asks for BTC Back

The largest cryptocurrency trading platform in Southeast Asia, the Philippines-based PDAX platform, has suffered a technical failure and accidentally sold users BTC at $6,000 down 88% from the crypto’s price of $48,000 at the time. The incident occurred, according to Filipino news outlet BitPinas, after transaction volumes grew by 70x on the trading platform, leading […]

Researcher Believes He May Have Discovered Satoshi Nakamoto’s Twitter Account

A researcher going by Varun has published his analysis of a little-known Twitter account he believes may have belonged to Bitcoin’s creator Satoshi Nakamoto, based on its tweets hinting about bitcoin and its active period. The researcher published its findings on Substack, as Bitcoin.com reports, and revealed the Twitter account ‘Goldlover’ (@fafcffacfff) was very active […]

Billion-Dollar Whale Transfer May Have Triggered Crypto Crash: Report

The recent price correction for bitcoin was likely triggered by an incorrectly interpreted whale transfer, according to on-chain analyst Willy Woo.

Square CFO: 1 Million Cash App Users Purchased BTC for the First Time

Square, Inc.’s CFO Amrita Ahuja says the company’s CashApp product recorded more than one million users purchasing bitcoin for the first time in January.

Veteran Analyst Explains Why is Bearish on Bitcoin Right Now, Says $100K ‘Years Away’

Market analyst Clem Chambers has weighed in on Bitcoin’s recent price pullback, noting that “billions of profits” are left to be had closing out stop losses in the event of a flash crash.  Chambers is the CEO of stocks and investment website ADVFN . As well as running Europe and South America’s leading financial market website, he […]

Crypto Analyst Michaël van de Poppe Updates Bitcoin Levels to Watch

Michaël van de Poppe updated followers on his forecast for the crypto markets, predicting bitcoin’s price correction would continue further in the short-term.

Bitcoin Bull Run is Far From Over as FOMO Hasn’t Set in Yet, Analysis Suggests

The price of bitcoin moved from little over $11,000 in October of last year to a new all-time high above $58,000 earlier this month. Despite the massive rise, analysis shows that bitcoin’s bull run likely isn’t over as fear of missing out (FOMO) hasn’t set in yet. According to researchers at on-chain analytics platform Whalemap, […]

Crypto Investment Fund to Sell $750 Million in Bitcoin to Buy Cardano and Polkadot

FD7 Ventures, a cryptocurrency investment fund based in Dubai with $1 billion in assets under management, has announced it plans to sell $750 million worth of bitcoin over the next 30 days, so it can increase its positions in Cardano (ADA) and Polkadot (DOT). According to a press release, the move will see the fund […]

US Treasurys’ Sell-Off Punishes Stocks and Crypto Despite Continuous BTC Outflows From Coinbase Pro

On Friday (February 26), the price of Bitcoin fell to as low as $44,188 (at 07:45 UTC) on crypto exchange Bitstamp after Thursday’s US Treasurys sell-off caused their yields to go up and stock and crypto prices to go down. Currently (as of 10:26 UTC on February 26), according to CryptoCompare, Bitcoin is trading around […]

Bitcoin’s Market Cap Could Reach ‘Trillions of Dollars’, Says ARK Invest CEO Cathie Wood

On Thursday (February 25), Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), talked about Bitcoin while speaking as part of a panel for the Bloomberg Crypto Summit. With regard to Bitcoin’s market cap potential, this is what she had to say: “We are so early. That $950 billion dollar market […]

Bitcoin Could Become ‘Digital Gold’ if Volatility Drops and Regulators Step in, Says Bridgewater Exec

Bridgewater’s director of investment research Rebecca Patterson has said that bitcoin could become digital gold if the cryptocurrency’s volatility drops and its liquidity improves with “regulatory certainty.” Patterson’s words came during an interview with Bloomberg, first reported on by Business Insider. During the interview, Patterson revealed she would not call bitcoin an “alternative currency” and […]

$650 Million Outflows From Coinbase Suggest Institutions Are Buying Bitcoin’s Dip

Institutional investors have seemingly bought the dip after the price of bitcoin corrected from an all-time high above $58,000 to about $45,000, with $650 million leaving cryptocurrency exchange Coinbase potentially signaling a large buy. The CEO of crypto data firm Ki Young Ju pointed to a massive 13,000 BTC movement out of the San Francisco-based […]

Bitcoin and Gold Serve Different Roles in a Portfolio: Goldman Sachs Analysts

Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency irrelevant. According to a note from Goldman Sachs analysts reported on by CoinDesk, both assets serve a different role in investors’ portfolios, with gold remaining […]

J.P. Morgan Report: It’s OK To Have Up to 1% of a Multi-Asset Portfolio in Crypto

Per a report published by Bloomberg earlier today, on Wednesday (February 24), Joyce Chang, Global Head of Research at J.P. Morgan, talked about cryptocurrencies in a note to clients. Her bio at the Asian American Business Roundtable’s website says that from 1997 through 2012, Chang “held top rankings in Institutional Investor’s Fixed-Income Research surveys for […]

Coinbase Reveals It Holds Bitcoin and Other Cryptoassets on Its Balance Sheet

San Francisco-based cryptocurrency exchange Coinbase has revealed it holds bitcoin and other cryptoassets on its balance sheet as investments, but did not reveal exactly how much of its funds are in crypto. In a blog post published by Coinbase’s head of institutional sales, trading, custody and prime services, Brett Tejpaul, it was revealed that Coinbase […]

Stone Ridge Asset Management Wants Its ‘Diversified Alternatives Fund’ to Have Bitcoin Exposure

Stone Ridge Asset Management LLC, which is based in New York, notified the U.S. Securities and Exchange Commission (SEC) of its plan to make Bitcoin part of the seven strategies for the Stone Ridge Diversified Alternatives Fund. Stone Ridge notified the SEC by filing Form N-1A, which is “the primary document used to communicate information […]

Former London Stock Exchange CEO Touts Crypto Adoption in Post-Brexit UK

Former London Stock Exchange CEO Xavier Rolet called upon the UK government to leverage its independence from Brexit in order to create progressive policies on crypto-asset adoption.

CNBC’s Jim Cramer Wants GameStop to Invest $2 Billion in BTC and Become ‘a Bitcoin Store’

On Wednesday (February 24), former hedge fund manager Jim Cramer gave some great advice to beleaguered video game retailer GameStop Corp (NYSE: GME). Cramer is the host of CNBC show “Mad Money w/ Jim Cramer“. He is also a co-anchor of CNBC’s “Squawk on the Street“, as well as a co-founder of financial news website TheStreet. As Bloomberg […]

Berkshire Hathaway’s Charlie Munger Says What He Really Thinks About Bitcoin

Billionaire value investor Charlie Munger, the 97-year-old Vice Chairman of Berkshire Hathaway, shared his latest thoughts on Bitcoin on Wednesday (February 24) while speaking at the Annual Meeting of Shareholders of the Daily Journal Corporation. A Recap of Munger’s Past Comments on Crypto Over the past few years, Munger has been a harsh critic of Bitcoin. For example, as first CNBC […]

177-Year-Old Swiss Bank Launches Cryptocurrency Trading Service

Bordier & Cie, a private Swiss bank launched 177 years ago in 1844, has started offering a cryptocurrency trading service for its clients, allowing them to buy, sell, and hold BTC, ETH, BCH, and XTZ. According to a press release, first reported on by CoinDesk, the firm is planning to expand the number of cryptoassets […]

Popular Crypto Trader Peter Brandt Weighs in On Bitcoin and XRP

Popular market analyst and veteran trader Peter Brandt called the current price correction healthy for bitcoin, while noting that XRP could be bullish in the short-term.

By Buying BTC, Elon Musk Has Created a Positive Correlation Between Bitcoin and Tesla Stock

Daniel Ives, an analyst at Wedbush Securities, has revealed he believes in the short term Tesla’s share price is directly going to be linked to the price of bitcoin, after the electric car marker’s $1.5 billion bitcoin bet. According to CNBC, Ives wrote that as Tesla is “diving into the deep end of the pool […]

MicroStrategy Buys Another 19,452 BTC at Average Cost of $52,765 per Bitcoin

On Wednesday (February 24), Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) announced details of its latest Bitcoin purchase. According to the company’s press release, the software firm that many uniformed retail investors think of as a sort of unofficial Bitcoin ETF due to the large number of bitcoins it holds in its corporate treasury, it “purchased an additional […]

North America’s First Bitcoin ETF Surpasses $500 Million in AUM

The Purpose Bitcoin ETF, managed by Purpose Investments, has seen its total assets under management surpass the $500 million mark this week as inflows from institutional investors appeared to be unaffected by the market’s dip. According to data firm Glassnode, the Purpose Bitcoin ETF, the first bitcoin exchange-traded fund (ETF) in North America, reached $564 […]

Bitfinex/Tether’s Settlement With NYAG and Square’s Commitment to Bitcoin Calm Market’s Nerves

Although the Bitcoin price went as low as $44,845 on Bitstamp yesterday (February 23), some annoucements that were made later in the day seem to have helped Bitcoin get above $50K, thereby calming the crypto market’s nerves. According to data by TradingView, although Bitcoin started Tuesday (i.e. 00:00 UTC) around $54,173, by 11:45 UTC, the […]

ARK Invest CEO Cathie Wood Is ‘Very Positive on Bitcoin, Very Happy to See a Healthy Correction’

On Tuesday (February 23), Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), talked about the Bitcoin during an interview on Bloomberg TV. She said: “We’re very positive on Bitcoin again, very happy to see a healthy correction here. No market is straight up; everyone should know that. Everyone should […]

Square Buys Another $170 Million of Bitcoin, CFO Says $BTC Could Become ‘Native Currency of the Internet’

On Tuesday (February 23), FinTech firm Square (NYSE: SQ) disclosed that it had invested another $170 million in Bitcoin. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney. Yesterday, Square announced fourth […]

Bitcoin’s Market Value Will Surpass $100 Trillion, Says MicroStrategy’s CEO

The CEO of Nasdaq-listed business intelligence firm MicroStrategy, Michael Saylor, has revealed the market value of bitcoin will surpass $100 trillion in the future, and that the cryptocurrency will become a “stabilizing influence” for the global financial system. Speaking on CNBC’s “Squawk Box,” Saylor said there is a $500 trillion monetary planet out there, with […]

Top Crypto Analyst Says These Are Bitcoin’s Price Levels to Watch After BTC’s 15% Drop

Top cryptocurrency analyst  Michaël van de Poppe has charted several bitcoin price levels for traders to watch after the flagship cryptocurrency’s price dropped below the $50,000 mark this week amid a wider market sell-off. The trader, who predicted that February and March could see a significant market correction, said he is looking at $47,500 as […]

Millennials Will Transfer ‘Trillions’ Into Crypto, Says Morgan Creek Co-Founder

Morgan Creek Digital co-founder Mark Yusko says millennials are set to inherit $37 trillion in wealth, leading to a potential boom in the market cap potential for bitcoin and crypto-assets.

Bitcoin Whales Accumulating Should Keep Price Above $44,000, Crypto CEO Says

As the price of bitcoin drops from a new all-time high above $58,000 to $46,000 at press time,  the CEO of a cryptocurrency analytics platform revealed that BTC whales are accumulating funds, making it unlikely for the price to drop below $44,000. On social media, Ki Young Ju, CEO of CryptoQuant, said that the so-called […]

Former Goldman Sachs Exec Switches to ‘Buy the Dip Mode’ Amid Bitcoin Price Drop

As the prices of most cryptocurrencies plunge, former Goldman Sachs executive and Real Vision CEO Raoul Pal revealed he feels relief when prices drop as he switches into “buy the dip mode.” March, he said, is a historically weak month for cryptoassets. On Twitter, Raoul Pal revealed, however, he is not sure whether this is […]

Crypto Analyst Michaël van de Poppe Sets Cardano ($ADA) Price Target at $10

Popular crypto analyst/trader Michaël van de Poppe is bullish on the outlook for cryptoassets, especially Cardano (ADA). In a video (titled “Cardano Breaks $1 But $10 Is Possible In This Bull Cycle! Here’s Why!”) released on his YouTube channel yesterday (February 2), Van de Poppe told the 32K+ subscribers of his channel that the current […]

Thailand to Target Cryptocurrency Holders in Plan to Revive Tourism Sector

The Tourism Authority of Thailand (TAT) is set to target cryptocurrency holders in a bid to revive the country’s tourism sector, which was heavily affected by the COVID-19 pandemic. According to the Bangkok Post, the plan will target Japanese tourists initially, as these are considered to be the top holders of bitcoin. The news outlet […]

Bitcoin Price Could Hit $250,000 if Corporations Keep Buying BTC, Abra CEO Predicts

Bill Barhydt, the CEO of digital payments platform Abra, has predicted the price of bitcoin could move up to $250,000 if corporations keep on buying BTC, presumably as a supply squeeze would force the price to exponentially go up. In an episode of the “What Bitcoin Did” podcast with Peter McCormack, first reported on by […]

Wedbush Securities Believes 3% – 5% of Public Companies Will Invest in Bitcoin in Next 18 Months

During an interview on Monday (February 22), Daniel Ives, a Managing Director and Senior Equity Research Analyst covering the Technology sector at investment firm Wedbush Securities, shared his thoughts on Bitcoin. Ives’ comments came during an interview with Joe Kernen, co-anchor of CNBC’s Squawk Box around 08:49 ET (i.e. 13:49 UTC), when Bitcoin was trading around $52,933. Ives was asked […]

Tesla’s Bitcoin Bet Made It $1 Billion in Profit, Analyst Estimates

Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up. According to CNBC, Ives wrote that the company is on “a trajectory to make more from its Bitcoin investments than profits from […]

Former Goldman Sachs Exec Calls Bitcoin a ‘Life Raft’ For the Average Investor

Real Vision Finance founder and CEO Raoul Pal called bitcoin a life raft for the average person to escape economic despair, noting how wages have stagnated for the last fifty years.

Honda NSX Fan Feels Stupid for Selling 36.5 Bitcoins to Pay for Two Used Cars

Last week, one car enthusiast (“nsxtra” on Instagram) released a video on YouTube in which he described how he sold 37 BTC — worth over $2.1 million at today’s prices — a few years ago to pay for two second-hand Honda NSX sports cars. The Honda NSX, which is marketed in North America as the Acura NSX, […]

Billionaire Mike Novogratz Expects U.S. SEC to Approve a Bitcoin ETF Within 12 Months

During a recent interview, billionaire investor Mike Novogratz shared his latest thoughts on Bitcoin, and in particular he talked about Grayscale Bitcoin Trust (GBTC) and why it is a bad deal for U.S. retail investors in comparison to a Bitcoin ETF. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services […]

Jack Dorsey’s Square Partners With Crypto Group to Create More Black Bitcoin Billionaires

Clubhouse focus group Black Bitcoin Billionaires has partnered with Jack Dorsey’s Square and the CashApp in order to bring awareness of BTC to the black community.

Bitcoin’s Price Rally Is the ‘Start of a New Age’, Says Wedbush Securities Analyst

Wedbush Securities managing director Dan Ives wrote a note to clients highlighting bitcoin’s adoption by corporate entities, saying interest in the crypto-asset was not just a fad.

Bill Gates ‘Neutral’ On Bitcoin, Supports Digital Currencies

Microsoft co-founder Bill Gates said he had a neutral view on bitcoin but was overall supportive of the digitalization of money as a way to reduce costs and increase transparency.

Max Keiser Issues Jaw-Dropping Bitcoin Price Prediction

Bitcoin bull Max Keiser says the price of BTC could increase by 4,000 percent due to dollar hyperinflation created by the Fed’s money-printing policy.

German Cannabis Company Using Bitcoin to Hedge Against Fiat

Munich-based cannabis company SynBiotic SE has become the first listed company in Germany to invest in bitcoin as a hedge against inflating fiat currency.

Binance CEO CZ Explains How Price of Bitcoin Could Even Go As High As $10 Million

In an interview on Friday (February 19), Binance Co-Founder and CEO Changpeng Zhao (aka “CZ”) explained how the price of Bitcoin has gotten to this level and how it could go much higher. CZ’s comments came during an interview on Bloomberg TV. When asked if there might be “some speculative froth” in all the latest […]

Long-Term Gold Bull Says Bitcoin May Be Better Bet

Billionaire investor Jeffrey Gundlach, CEO of DoubleLine Capital, has revealed that while he is still a long-term dollar bear and gold bull, sees bitcoin as a better bet after turning neutral on both the U.S. dollar and gold. In a tweet, Gundlach said bitcoin may well be the “stimulus asset,” referencing the cryptocurrency’s surge over […]

Bitcoin Market Cap Hits $1 Trillion, Analyst Says $BTC ‘Due for Another Face Melting Move’

According to data by CryptoCompare, around 15:35 UTC on Friday (February 19), the Bitcoin price reached $53,673, thereby making Bitcoin’s market cap go over $1 trillion for the first time ever. However, Bitcoin’s rally did not stop there; according to data by TradingView, the BTC price reached $54,688 by 16:38 UTC. Currently (as of 16:42 […]

Crypto Analyst Warns Investors To Secure Short-Term Gains

Crypto analyst Alex Saunders has issued an emergency warning to investors to begin taking profits ahead of the next market correction.

Anthony Scaramucci: Skybridge Capital Sees Bitcoin Reaching $100K ‘Before Year End’

On Wednesday (February 17), former White House Director of Communications Anthony Scaramucci, the founder of global alternative investment firm SkyBridge Capital, gave his firm’s price target for Bitcoin and explained why they were so bullish on Bitcoin. SkyBridge is “a global alternative investments firm specializing in multi-strategy commingled fund of hedge funds products, custom separate account […]

Bitcoin Whales Keep Accumulating as BTC Price Remains Above $50,000

The number of bitcoin whales has reached a new all-time high, as there are now 94,000 BTC addresses holding at least $1 million in bitcoin, and data shows that the number of addresses holdings between 1,00 and 10,000 BTC has been rising. According to Glassnode, the number of millionaire addresses surged recently as each wallet […]

Motley Fool Buying $5M in Bitcoin for Its Balance Sheet Due to Its ’10x Potential’

At 19:23 UTC on Wednesday (February 17), financial and investing advice company “The Motley Fool” tweeted that it had decided to invest $5 million in Bitcoin and explained why. Ten minutes minutes later, the Bitcoin price went above the $52,000 level before reaching $52,400 (at 20:22 UTC), which is the new all-time high. According to data […]

World’s Largest Asset Manager Has ‘Started to Dabble’ in Bitcoin

The world’s largest asset manager BlackRock, with over $7.3 trillion in assets under management, has started “dabble” in bitcoin, at a time in which the price of the flagship cryptocurrency is above $51,000. Speaking on CNBC’s Squawk Box, BlackRock CIO Rick Rieder revealed that the asset manager has “started to dabble” in the flagship cryptocurrency, […]

Bitcoin’s Rally Is ‘Unsustainable’ Unless Volatility Drops, Say JPMorgan Strategists

JPMorgan strategists led by Nikolaos Panigirtzoglou have revealed in a recently published note that “unless bitcoin volatility subsides quickly form here” the cryptocurrency’s rally, which saw it surpass the $50,000 mark, “looks unsustainable.” In the note the analysts referenced bitcoin at $48,000. Since then, the price of the flagship cryptocurrency has broke the resistance at […]

Microsoft Isn’t Planning a Large Bitcoin Investment, Its President Clarifies

Microsoft’s president Brad Smith has revealed the tech giant is not planning on making a large Tesla-like investment in the flagship cryptocurrency bitcoin, even though the firm has been supporting bitcoin payments for years. During an interview with CNN’s Julia Chatterley, Smith refuted assumptions Microsoft could be next in making a large investment in cryptocurrency, […]

Bitcoin Breaks $51K, German Analyst Says ‘Looks As if Bitcoin Is Eating Gold’

This article provides an update (as of 08:00 UTC on 17 February 2021) on the current state of the Bitcoin markets, as well on the latest thinking on Bitcoin by influential crypto analysts, investors, traders, and other thought leaders. On Wednesday (February 17), the day after Michael Saylor, CEO of MicroStrategy Inc. said that his […]

Bitcoin Bear Admits BTC’s Price Could Hit $100,000

Gold bug and Euro Pacific Capital CEO Peter Schiff, a well-known bitcoin bear who contends that bitcoin’s value may drop to zero, has admitted the flagship cryptocurrency’s price could hit $100,000 in the future, now that it has surpassed the $50,000 mark. In a tweet, Schiff admitted that a move to $100,000 “can’t be ruled […]

BlockTower Capital CIO: This Bitcoin Bull Run Could Take Price to $400K by 2023

Recently, Ari Paul, Chief Investment Officer (CIO) and Managing Partner at crypto investment firm BlockTower Capital, shared his latest thoughts on Bitcoin. BlockTower, a leading crypto hedge fund based in Stamford, Connecticut, was founded in August 2017 by Matthew Goetz, a former vice president at Goldman Sachs (where he spent eleven years), and Ari Paul, a former risk specialist […]

Bitcoin Price Could Soon Explode Higher, Crypto Research Implies

The price of bitcoin has been steadily moving up over the last few months, hitting a new all-time high above $50,000 earlier today before a breakout was rejected and the cryptocurrency’s price dropped back down to $49,100 at press time. The price of bitcoin started surging in October of last year, after PayPal announced it […]

Bitcoin Miners Accumulating as Long-Term Holders Take Profits: Report

A newly published report suggests that while long-term bitcoin holders are starting to take profits as the price of the flagship cryptocurrency keeps rising past new milestones, bitcoin miners are now accumulating coins. On-chain analytics firm Glassnode has revealed that miner outflows have dried up so far this month, at a time in which long-term […]

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